Hardy Empire 1945
Chapter 276: Entering Middle East Oil
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Hardy brought the team to Long Beach. The manager, John, waited here early. Seeing Hardy's team coming, he immediately stepped forward and opened Hardy's car door.
Boss, you're here. John greeted respectfully with a smile on his face.
Come on, take me to the oil well. Hardy said.
Good boss.
After trekking for a while, they finally came to the oil well area. There was a tall iron frame standing there, the workers were still busy, and there was an oil lake next to it.
John said excitedly: Boss, the oil well we drilled is a self-blowing well. The oil quality is very good, and the output is very high. It can produce more than 5,000 barrels of oil per day.
Hardy made an estimate in his heart.
The price of oil is now almost fixed at $2.50 per barrel, and this price will last for about ten years. At 5,000 barrels per day, the annual output of this oil well can reach about 4.5 million.
certainly,
There are still a lot of costs that need to be removed, but even if the costs are removed, half of the benefits can be achieved.
Two million a year.
It's really nothing for Hardy right now.
But Hardy was still happy.
Because of the appearance of this oil well, he has an interest in continuing in the oil industry. After returning to the company, Hadi thought about it and asked the secretary to find out Armand Hammer's phone number and call.
After the call was connected, the two exchanged a few words, and then chatted about the small black cows that were farmed. Hardy suddenly changed the subject and said:
Mr. Hamer, I bought a small oil company a few months ago, and just yesterday they drilled a well, and it's doing pretty well, 5,000 barrels a day, and making $4.5 million a year.
Oh, that's a congratulations to Mr. Hardy.
Armand Hammer congratulated him, but he didn't understand why Hadi suddenly mentioned the oil company to himself.
Mr. Hammer, are you interested in running this oil company with me, Hardy asked bluntly.
Hardy wasn't going to waste time.
If Armand Hammer is willing to run this business with him, Hadi is happy to find a god of management to help him make money. If the other party does not agree, it doesn't matter, Hadi can actually run it himself.
Armand Hammer was surprised by Hadi's proposal.
After a few seconds, he asked: Mr. Hardy, why did you suddenly invite me to participate in the oil industry, I have no previous experience in this field?
Feel.
You know that I have a lot of business, and I hope to find a partner to help run it. After contacting Mr. Hammer, I feel that you have a lot of insight and experience in business. When thinking about how to run an oil company in the future, I suddenly thought of I got you, so I called and asked if you were interested in running an oil company, Hardy said.
Armand Hammer said to himself, you are too casual.
Let me, a person without any oil experience, run the oil business just by feeling?
I don't know how Mr. Hardy is going to cooperate? Armand Hammer asked curiously.
How about a shareholding operation? You buy a part of the company's shares, I think 15% to 20% is good, and then give you 5% of the operating shares. Hardy said.
Hammer paused. Mr. Hardy, I need to think about it.
Okay, no problem, listen to your news.
After hanging up the phone, Hamer sat on the sofa for a long time without moving. Do you want to take over this business?
He didn't know why Hardy was looking for him.
He used to run a pencil factory, and then ran a pasture to raise cattle. He really had never been in contact with the oil industry, but after listening to Hardy's words, he was now a little tempted.
Why?
Now that his ranch business is on track, Hammer is restless.
Hardy's proposal gave him the passion to start a new business again.
after one day.
Hammer called Hardy,
Hady, I'm going to try it out.
Haha, welcome, I'll be waiting for you in Los Angeles. Hardy said with a smile.
Hamer quickly rushed to Los Angeles. After meeting Hardy, the two came to the oil field together again. After checking the new oil well, Hamer decided to invest.
850,000 US dollars to buy 15% of the shares, and at the same time to obtain 5% of the management shares, Armand Hammer became the company's executive president.
In the oil company's office, the three discussed how the oil company should develop in the future. Hadi took out a map prepared in advance and spread it out, pointing to a place and saying:
The Middle East is an oil-producing place, especially Saudi Arabia, which has large oil resources, and we can develop oil fields here.
Both Hamer and John were taken aback.
John said: Boss, the place in Saudi Arabia is basically occupied by several major British oil companies and Mobil Oil Company. We may not be able to squeeze in.
Hamer also said: There is still a war in the Middle East, I am afraid it is not the best choice?
Hardy smiled.
The war has nothing to do with us. Don't worry about this. As for the land, I think there is a good place, and it is empty and no one occupies it. Hadi said.
Where?
Hadi pointed to an area on the map that read, Saudi and Kuwait Neutral Zone.
This is a desert and hilly area, Kuwait to the north, Saudi Arabia to the south, and the Persian Gulf to the east. This land is a disputed area between the two countries, but it has now been determined, and it has become a neutral area. All have sovereignty, that is to say, whoever picks them counts.”
This area is 2,200 square miles, enough for us to find oil. I hope you can go to Saudi Arabia and get the mining rights in this area from them.
Hammer thought about it. You think there's oil here?
Some people have explored before and said that this area does not meet the characteristics of the oil belt, but I think it should be.
Why do you think there will be?
Intuition. Hardy smiled.
Another intuition. Hamer wondered why this Hadi always acted on his intuition. In fact, Hadi knew that in the future, there would be a big oil field here, making an American businessman a billionaire.
Originally, the man was just a small oil businessman. He spent 10 million US dollars and mining shares to obtain the mining rights of the neutral zone in Saudi Arabia, and finally became rich overnight.
Some experts have also explored this place before. Based on their research on the fault, they concluded that there is no oil here, so those big companies have all given up the exploration and development of this place, which is cheap for him.
Now.
Hardy wants to get the mining rights of this place before that person, then the multi-billion dollar wealth is his.
In the end, Hammer agreed to Hardy's proposal.
John continued to be in charge of domestic production, while Hammer brought his assistants and prepared to go to Saudi Arabia to discuss the issue of mining rights with the Saudi royal family.
After finishing the matter of the oil company, Hardy began to pay attention to Walsh Mining. In fact, Walsh Mining has been controlled by Hardy for a long time. Too much to do.
Based on the experience of later generations, he knew that the iron ore branch in Western Australia is very extensive, and there are still many large mines that have not been mined, so he asked them to find them.
Unexpectedly, they gave themselves a surprise and found a gold mine.
On the day he received the notice, Hardy asked Columbus to come back and reported to him. After two days, Columbus had arrived in Los Angeles.
In the headquarters of the Hardy Group, Columbus was brought into the room by the secretary. Hardy looked at this guy, still looking like a dusty man, with a field prospecting bag on his back.
Boss, we have found a gold mine. Columbus said with a smile.
As he said, he put the backpack on the table, opened it and took out a few pieces of ore. Hardy picked up one, and Columbus explained it to Hardy next to him.
This is gold ore. According to our experiments, the grade of that ore should be around 8 grams per ton, which is already considered a rich ore.
According to the standard, 3 grams per ton of ore is considered as medium grade ore, 5 grams to 50 grams is rich ore, and extra rich ore is 50 grams to 500 grams per ton of ore.
8 grams per ton is considered inferior in bonanza.
How big is the reserve? Hardy asked.
If it is only a small vein, it has no mining value. You must know that entering the deep mountains and old forests to mine gold mines requires a large investment.
We drilled a total of 5 holes. This should be a large mine, and it is estimated that the reserves are more than 200 tons of gold. Of course, this is only the most preliminary judgment. A large-scale and detailed exploration is required to finally determine the specific mineral deposits. There may be surprises as well. maybe.
Hardy picked up the stone and looked at it again. It was a pile of granite, and occasionally he could see a flash of gold.
Columbus, this is a very good job. Each of you will receive a bonus. You must be the highest. Go back and rest, and I will let people handle the rest. Hardy said with a smile.
Thank you boss. Columbus left with a smile.
Why do they suffer so much in the wild, isn't it just to make more money?
When Columbus left, Hardy immediately called two vice presidents of Hardy Group, one called Jason and the other called Andrew.
Jason, I'll give you one thing, Walsh Mining discovered a gold mine in Australia, you bring a lawyer to go there, buy the land from the Australian government, or obtain a mining license for that area. Hardy commanded.
Okay boss, I'll do it now. Jason responded quickly.
Andrew, you are in charge of financial investment. When Jason has obtained the mining license, you will announce the news that Walsh Mining has found a large gold mine in Australia, pushing up the stock price.
Andrew nodded quickly.
If Andy is here, Hardy only needs to tell him a word, and now these things have to be done by himself.
Hardy owns 91% of the shares of Walsh Mining. Now the stock price of Walsh Mining is $1.23. The current price is still because of his 20% stake in Rocky Mountain Mineral Water.
However, with the discovery of a large gold mine this time, I believe that the share price of Wash Mining will take off. Coupled with a wave of publicity by newspapers, TV, and stock anchors, it will inevitably become a star stock and be popular.
With the operation of the financial team, and constantly pushing up the stock price, Hardy can make a lot of money even if the gold mine is not digged. This is the charm of the stock.
For the convenience of reading next time, you can click Favorites below to record the reading record of this time (Chapter 278 Entering the Middle East Petroleum), and you can see it when you open the bookshelf next time!
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